STREAMING NOW: Watch Now

Wall Street Journal: Trump expresses displeasure with Mnuchin

Treasury Secretary Steve Mnuchin is the latest member of Donald Trump's Cabinet to be the focus of the Presi...

Posted: Nov 25, 2018 1:10 PM
Updated: Nov 25, 2018 1:10 PM

Treasury Secretary Steve Mnuchin is the latest member of Donald Trump's Cabinet to be the focus of the President's ire, the Wall Street Journal reported Friday, citing people familiar with the matter.

Trump is blaming Mnuchin for the recently volatile markets and the Federal Reserve's decisions to raise interest rates, those people told The Wall Street Journal.

Business figures

Companies

Donald Trump

Government and public administration

Government bodies and offices

News Corp

Political Figures - US

Politics

Steven Mnuchin

The Wall Street Journal

US federal government

White House

The Fed has been gradually raising rates for three years -- a move to restore levels following the financial crisis. However, Trump has been vocally opposed to the Fed's raises and has called the central bank his "biggest threat." People close to the White House told the Journal that Trump chose Jerome Powell to run the Fed in part on Mnuchin's recommendation.

According to The Wall Street Journal's report, Trump has been concerned that rising interest rates will stunt economic progress ahead of the 2020 election.

The paper also reported that Trump has blamed Mnuchin for the market's latest turbulence.

"If he's so good, why is this happening?" a person familiar with the matter told the Journal.

Trump, apparently responding to the report, publicly voiced support for Mnuchin on Twitter Friday evening.

"I am extremely happy and proud of the job being done by @USTreasury Secretary @StevenMnuchin1. The FAKE NEWS likes to write stories to the contrary, quoting phony sources or jealous people, but they aren't true. They never like to ask me for a quote b/c it would kill their story," Trump wrote.

The report comes as Trump has considered shuffling his Cabinet. CNN reported earlier this month that multiple sources inside and outside the Trump administration said that an all-but-certain shakeup is quietly underway at the White House. In particular, chief of staff John Kelly and Department of Homeland Security Secretary Kirstjen Nielsen could be replaced in the near future.

Trump acknowledged possible changes earlier this month.

"Administrations makes changes, usually, after midterms. And probably we'll be right in that category as well," Trump said at the time. "I think it's very customary."

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 91935

Reported Deaths: 2780
CountyConfirmedDeaths
Hinds6884152
DeSoto527653
Harrison366071
Jackson332666
Madison316485
Rankin312173
Lee251566
Jones234077
Forrest229468
Washington214771
Lafayette199339
Lauderdale1977122
Bolivar175064
Oktibbeha172549
Lamar154833
Neshoba1513103
Panola140326
Lowndes138057
Sunflower136943
Warren136249
Leflore133279
Pike119848
Pontotoc119616
Monroe116665
Scott114925
Copiah114533
Coahoma108926
Holmes107658
Marshall105914
Grenada102634
Lincoln102652
Yazoo102527
Simpson99841
Union96223
Tate94337
Leake93235
Adams88133
Wayne86421
Pearl River83349
Marion82832
Covington78721
Prentiss77317
Alcorn74610
Newton74222
George74013
Itawamba72921
Tallahatchie72517
Winston71819
Tishomingo64035
Attala63325
Chickasaw63124
Tippah62016
Walthall58525
Clay55916
Hancock54420
Noxubee53915
Jasper53214
Clarke51937
Smith51514
Calhoun50612
Tunica47013
Claiborne44716
Montgomery44420
Lawrence42112
Yalobusha41014
Perry38216
Humphreys36815
Quitman3595
Stone34511
Greene33316
Webster32613
Jefferson Davis31711
Carroll30612
Amite30310
Wilkinson29917
Kemper28415
Sharkey25811
Jefferson2349
Benton2081
Franklin1833
Choctaw1775
Issaquena1023
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 128097

Reported Deaths: 2264
CountyConfirmedDeaths
Jefferson18531332
Mobile12931288
Montgomery8546170
Madison730373
Tuscaloosa6984109
Lee557059
Shelby544649
Baldwin500347
Marshall375942
Etowah324744
Calhoun316538
Morgan311825
Houston258621
Elmore246847
DeKalb229319
St. Clair217434
Walker217480
Talladega199125
Limestone190819
Cullman179717
Dallas172526
Franklin170328
Russell16852
Autauga161924
Lauderdale159031
Colbert156024
Escambia153824
Blount148713
Jackson144210
Chilton142824
Dale127442
Covington127227
Coffee12357
Pike11289
Tallapoosa112483
Chambers110742
Clarke104316
Marion90328
Butler90138
Barbour8097
Marengo69419
Winston68012
Lowndes64327
Pickens61514
Bibb6129
Hale60928
Bullock58314
Randolph58112
Lawrence57320
Monroe5708
Washington54213
Geneva5364
Perry5366
Wilcox52911
Cherokee52615
Conecuh51611
Crenshaw50731
Clay5057
Macon46619
Henry4474
Sumter41419
Fayette4088
Choctaw34212
Lamar3272
Cleburne3056
Greene29715
Coosa1573
Out of AL00
Unassigned00
Tupelo
Clear
65° wxIcon
Hi: 82° Lo: 58°
Feels Like: 65°
Columbus
Clear
63° wxIcon
Hi: 84° Lo: 60°
Feels Like: 63°
Oxford
Clear
64° wxIcon
Hi: 81° Lo: 55°
Feels Like: 64°
Starkville
Clear
61° wxIcon
Hi: 82° Lo: 57°
Feels Like: 61°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather